SAIVE CARTOON: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SAIVE CARTOON
Largest movements
- Cash +€29,230
up €29,230 (+474%), from €6,172 to €35,402
mainly Net result for the year (+€46,167) and Depreciation (+€17,735)
- Receivables within one year +€27,754
up €27,754 (+169%), from €16,446 to €44,200
of which Trade receivables: +€29,494
- Tangible fixed assets -€17,735
down €17,735 (-8.4%), from €211,377 to €193,642
of which Land and buildings: -€12,980
- Profit (loss) carried forward +€46,167
up €46,167 (+105%), from €44,118 to €90,285
- Current portion of long-term debt -€25,058
down €25,058 (-73.1%), from €34,277 to €9,219
- Trade debts +€7,773
up €7,773 (+668%), from €1,163 to €8,936
- Other debts +€6,427
up €6,427 (+5.4%), from €119,362 to €125,788
- Debts after one year +€3,281
up €3,281 (+47.2%), from €6,945 to €10,226
- Gross operating margin +€68,616
up €68,616 (+619%), from €11,085 to €79,702
- Financial charges +€6,026
up €6,026 (+233%), from €2,589 to €8,615
- Other operating charges -€4,351
down €4,351 (-49.7%), from €8,751 to €4,400
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,185 | €276,158 | +€39,973 | +16.9% |
| Fixed assets | 21/28 | €211,660 | €193,925 | -€17,735 | -8.4% |
| Tangible fixed assets | 22/27 | €211,377 | €193,642 | -€17,735 | -8.4% |
| Land and buildings | 22 | €181,890 | €168,910 | -€12,980 | -7.1% |
| Plant, machinery and equipment | 23 | €26,363 | €22,339 | -€4,024 | -15.3% |
| Furniture and vehicles | 24 | €1,248 | €517 | -€731 | -58.6% |
| Other tangible fixed assets | 26 | €1,875 | €1,875 | = | 0.0% |
| Financial fixed assets | 28 | €283 | €283 | = | 0.0% |
| Current assets | 29/58 | €24,526 | €82,233 | +€57,708 | +235% |
| Amounts receivable within one year | 40/41 | €16,446 | €44,200 | +€27,754 | +169% |
| Trade receivables | 40 | €11,737 | €41,231 | +€29,494 | +251% |
| Other amounts receivable | 41 | €4,709 | €2,970 | -€1,740 | -36.9% |
| Cash at bank and in hand | 54/58 | €6,172 | €35,402 | +€29,230 | +474% |
| Deferred charges and accrued income | 490/1 | €1,907 | €2,631 | +€724 | +37.9% |
| Total equity and liabilities | 10/49 | €236,185 | €276,158 | +€39,973 | +16.9% |
| Equity | 10/15 | €64,570 | €110,737 | +€46,167 | +71.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,118 | €90,285 | +€46,167 | +105% |
| Amounts payable | 17/49 | €171,616 | €165,421 | -€6,194 | -3.6% |
| Amounts payable after more than one year | 17 | €6,945 | €10,226 | +€3,281 | +47.2% |
| Financial debts | 170/4 | €6,945 | €10,226 | +€3,281 | +47.2% |
| Amounts payable within one year | 42/48 | €164,610 | €155,195 | -€9,415 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €34,277 | €9,219 | -€25,058 | -73.1% |
| Financial debts | 43 | - | €575 | +€575 | |
| Other loans | 439 | - | €575 | +€575 | |
| Trade debts | 44 | €1,163 | €8,936 | +€7,773 | +668% |
| Suppliers | 440/4 | €1,163 | €8,936 | +€7,773 | +668% |
| Taxes, remuneration and social security | 45 | €9,809 | €10,676 | +€867 | +8.8% |
| Taxes | 450/3 | €9,809 | €10,676 | +€867 | +8.8% |
| Other amounts payable | 47/48 | €119,362 | €125,788 | +€6,427 | +5.4% |
| Accrued charges and deferred income | 492/3 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,816 | €17,735 | -€81 | -0.5% |
| Other operating charges | 640/8 | €8,751 | €4,400 | -€4,351 | -49.7% |
| Gross operating margin | 9900 | €11,085 | €79,702 | +€68,616 | +619% |
| Operating profit (loss) | 9901 | -€15,482 | €57,567 | +€73,049 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +700% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700% |
| Financial charges | 65/66B | €2,589 | €8,615 | +€6,026 | +233% |
| Recurring financial charges | 65 | €2,589 | €8,615 | +€6,026 | +233% |
| Profit (loss) for the period before taxes | 9903 | -€18,071 | €48,952 | +€67,023 | |
| Income taxes | 67/77 | €2,071 | €2,785 | +€714 | +34.5% |
| Profit (loss) for the period | 9904 | -€20,142 | €46,167 | +€66,309 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,142 | €46,167 | +€66,309 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.